HSBC set to boost mainland presence
2010-09-14 09:48:12
Sensing significant potential for business expansion thanks to China's fast growing trade ties with neighboring countries and accelerated efforts to internationalize the renminbi, HSBC Holdings is set to boost its presence in the country, a top company executive said.
CBRC to introduce new supervisory rules
2010-09-13 11:18:44
China's banking regulator plans to introduce a set of supervisory indexes for 2011, the China Business News reported Monday, citing a source familiar with the matter.
Cross-Straits pact takes effect
2010-09-13 10:40:39
A landmark economic pact between the Chinese mainland and Taiwan took effect on Sunday following approval by the island's authorities, as part of efforts from the two sides to establish a systematic mechanism to enhance cross-Straits economic cooperation.
China's August new lending expands to 545.2b yuan
2010-09-11 10:31:56
China's new yuan-denominated lending in August rose to 545.2 billion yuan ($80.53 billion) from 532.8 billion in July, the People's Bank of China (PBOC), the central bank, said in a statement Saturday.
Trust our new net capital regulations, says CBRC
2010-09-10 11:52:51
Though the minimum net capital rules for trust companies will impact their business in the short term, the long-term effects are limited, the China Banking Regulatory Commission (CBRC) said on Thursday.
Mitsubishi UFJ hopes to profit from China's lenders
2010-09-10 10:27:18
Mitsubishi UFJ Asset Management Co, a unit of Japan's biggest bank, has been buying mainland bank stocks listed in Hong Kong on optimism they will maintain higher net interest margins than their peers in the Asia-Pacific region's developed markets.
China Life to buy into bank
2010-09-10 09:28:21
China Life Insurance Co, the country's largest insurer, said on Thursday it plans to acquire a controlling stake in a bank, as part of its efforts to be a financial conglomerate and better compete with peers.
Central banks should encourage lending: PBOC governor
2010-09-10 08:54:36
Central banks should provide incentive mechanisms for banks to extend more loans to support the real economy, Zhou Xiaochuan, governor of the People's Bank of China (PBOC), or the central bank, said Thursday.
JPMorgan ponders China expansion
2010-09-09 16:46:21
JPMorgan Chase & Co will make a substantial investment to build its corporate banking business in China in a bid to win more large foreign multinational clients as well as Chinese companies with rising global ambitions, said a senior executive of the US bank.
Local government to sell stake in Bank of Guangzhou
2010-09-09 13:36:22
Guangzhou municipal government plans to sell 2.5 billion shares, or about a 30 percent stake, of Bank of Guangzhou to financial investors, the China Business News reported Thursday, citing an unnamed source with the bank.
Do not overlook potential systemic risks, Liu says
2010-09-09 10:40:14
China's top banking regulator warned lenders not to neglect the possible exposure of the banking sector to systemic risks, and to develop a long-term mechanism that focuses on capital and risk management.
Trust firms required to keep net capital above 200m yuan
2010-09-08 17:38:58
China trust companies are required to keep their net capital above 200 million yuan, the China Securities Journal reported Wednesday.